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BRICS

New Development Bank Africa region launched

A New Development Bank set up by the BRICS group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months. Source: SABC Digital News    

New BRICS development bank launched

The New Development Bank (NDB) opened in Shanghai on Tuesday to finance infrastructure projects, mainly in BRICS countries. BRICS countries are the world’s major emerging economies: Brazil, Russia, India, China and South Africa. BRICS leaders...
South African Minister in the Presidency, Jeff Radebe

Unlocking economic growth

BRICS countries should continue to use innovation as a key driver for economic growth – this is the view of Minister in the Presidency, Jeff Radebe. “Innovation is a powerful engine for development and for addressing social and global challenges,”...

BRICS bank will unleash Africa’s potential

The New Development Bank, which was recently formed by the BRICS countries, is set to mobilise infrastructure resources for developmental projects for the African continent. Speaking about South Africa’s tenure as BRICS Chair at UNISA on Friday,...